Pay increases for the bottom 80% of workers under Trump still lag those under George W. Bush at 2.9% vs. 3.2%

Average increases year over year through November 2019 and all of 2017 and 2018 average just 2.9% vs. Bush 43's 8-year average of 3.2%.

Yet all we hear is how this is the greatest economy ever, the greatest economy in decades, yada yada yada.

It's all BS.

It's the best economy in about eight years for your average worker, but still not as good as it was under Bush 43.

Judd Gregg, Senate author of TARP bank bailouts which picked bank winners, calls Trump conservative in name only

Judd Gregg's idea of a conservative president is one who abandons free market principles in order to save the free market system.

Pot, meet kettle, kettle, pot:

There is probably nothing short of runaway inflation that does more damage to a market economy than to have the government pick who is going to be successful and who is not. It perverts the fundamental purpose of a free market, which is to allow the forces of private exchange to decide the winners and losers in commerce.

Biden in the cat bird seat: Just as Bernie tanked after promising criminals will get to vote, Warren has tanked after hedging on Medicare for all

Ezra Klein, here:

One lesson of the past few weeks is that the Medicare-for-all debate has become a minefield for Democrats — and it’s not clear that any candidate has a safe path through it.

Sen. Elizabeth Warren has dropped 14 points since October 8, when she briefly led the Democratic field in the RealClearPolitics polling average. Most attribute her decline to her handling of Medicare-for-all — the financing plan she released made her the target of attacks from the moderates, and then the transition plan she released, which envisions a robust public option in the first year of her presidency and only moving to Medicare-for-all in year three, left single-payer advocates unnerved about her commitment to the cause.

The Democrat left has been its own worst enemy.

In addition to alienating working people by going soft on crime, the people who bear the brunt of it,  Bernie has notably lost ground with the working class by flipping on immigration restriction. Every new immigrant drives down their wages when immigrants are not taking their jobs outright.

For her part, on top of hedging on Medicare for all, Warren has rolled out a veritable cornucopia of crazy in this campaign, including a ban on all fracking in the US and ending the Electoral College. Combined with the recent lying about the little details of her life, voters justifiably doubt her sincerity on these larger issues and suspect that she cares about little except getting the power into her hands.

Hence the default candidate still on top, Joe Biden.

America's political institutions are still so structured that even when radicals like Obama do win, those institutions frustrate their aims. The upside of this is that harmful radicalism is usually stopped in its tracks. The downside is that mediocrities and grotesques are produced.

Just as Obama was content to let his Clinton retreads handle the Great Financial Crisis resulting in the still poor full time employment, moribund GDP, unaffordable housing and low interest rates catastrophic to income portfolios of the present time, Obama provided zero leadership on healthcare reform. This resulted in the competing Democrat House and Senate versions which consumed his first year in office, and eventually produced the Affordable Care Act camel, a horse designed by a committee. He sure did enjoy watching basketball in the private residence, though, and went on to make the Bush tax cuts permanent after winning re-election in 2012. Some radical, huh?

The same thing has happened with Trump. Although promising us the moon about immigration, healthcare reform and foreign wars, he instead delivered tax reform mostly for the corporations and huge spending increases for the military industrial complex, which is the basic consensus of the Republican caucus in Congress, foolishly hoping that they would give him a little somethin' somethin' in return.

Nothing doing. Even trade realignment will disappear when Trump does.

Trump's problem is that he never had a political faction holding any seats in Congress to drive his agenda. He just assumed the existing members would adopt his positions, which is pretty damn naive considering how he attacked and alienated them all throughout 2015-2016. Instead, Trump has steadily moved away from his own positions and adopted theirs, for his own political survival.

Trump's porous bollard fencing instead of the real wall he promised is simply the most public symbol of this, going back as it does to the George W. Bush administration.

The only radical realignment we have seen is the realignment of the radicals with their respective parties, and Election 2020 will be the same old, same old fight between them.

Those who won't realign get discarded.

This is the tyranny of the legislative. And the only way to remedy this is to repeal the 22nd Amendment to the Constitution, the great mistake of 1951. Only the threat of a Trump or an Obama perpetually in the White House will restore the balance of power between the three branches of government and advance the interests of the people who vote for the president.

As things stand, the best we can hope for is a president desperately stacking the courts to increase his power in a tyranny of the judiciary, which is hardly the remedy intended by the founders and is unacceptable to Americans loyal to the constitution and the nation as founded. The three stooges of the law schools on display at the impeachment hearing yesterday are proof enough of that. 

It's Trump statements like this on Hong Kong and Xi Jinping which keep me from supporting his re-election

"We have to stand with Hong Kong, but I'm also standing with President Xi," Trump said. "He's a friend of mine. He's an incredible guy. We have to stand, but I'd like to see them work it out."

Why stand with these brutal oppressors of freedom? Just so that we can trade with them?

Peggy Noonan thinks the purpose of conservatism is merely the preservation of the free market system, yet she supports Trump's impeachment.

She and Trump have more in common with each other than either of them does with real conservatism.

They are both thimble deep and symptomatic of the poverty of America's two party system.

More here.

Twelve years ago under Bush 43 52.36% of Americans had full-time jobs, today just 50.72% do, a deficit of 4.242 million full-time jobs

It's not an economic boom today anymore than September 2007 was, but after the catastrophe of 2008-2009 and the Obama years, some are just relieved that the torturer has stopped visiting their jail cells and mistake that for freedom.

September 2007 (click to enlarge)

September 2019 (click to enlarge)

Average hourly earnings increases for bottom 80% of workers (non-management) were good at 3.4% in 3Q2019, but still fell far short of late period Reagan, Clinton and Bush 43 performance

This bad Greer take is like George W. Bush saying you're either with us or against us in his war on terror

Tariffs are especially called for against communists qua communists, but Trump would be just fine with free trade with the Chicoms as long as it were truly free. Trump has no there there.

The Bush Dynasty's baneful legacy: Hate speech laws (Bush 41) and terrorism laws (Bush 43)

Hank Paulson, who championed the crackpot TARP as Treasury Secretary under Bush 43, is a Christian Scientist

From the story:

But the reality of the existential crisis remained elusive to church officials. In 2005, Nathan Talbot and J Thomas Black, longtime church leaders who had promoted recklessly irresponsible policies encouraging the medical neglect of children, endorsed ambitious plans for raising the dead. Black argued that Eddy wanted to keep alive the possibility of defeating mortality, saying, “What would set us apart as a denomination more than raising the dead?” What indeed? Black himself has had ample opportunity to demonstrate it: he died in December 2011, and hasn’t been seen since. ...

 

So did the softening of some Christian Science attitudes suggest that the church was undergoing a genuine change of heart? Or were they trying to save their jobs, their pride and the institution? At that time, officials were grasping at relationships with ecumenical groups and New Age alternative healers – anything to boost membership. Shirley Paulson, for example, sister-in-law of former US treasury secretary Hank Paulson (also a Christian Scientist, taught by Nathan Talbot), contributed to a series of summit meetings – known as “Church Alive” – which sought to jazz up services with ideas fresh from the 1950s: reading from recent translations of the Bible (more recent than the King James version, that is), singing hymns a cappella, and urging Sunday School students to rap their narcotic weekly “Lesson Sermons”.

No matter how hard you try, Valerie, nobody's going to rent a billboard to promote your sucky old regime

.

.

Hourly earnings for 80% of workers up a good 3.4% in H1 2019, but even Bush 43 had better than that for three straight years 2006-08

Bush 43 appointed federal judge voids North Carolina law outlawing abortions after 20 weeks

Federal judge strikes down North Carolina post-20 week abortion ban

President Kushner replaces Trump's core constituencies with US Chamber of Commerce, Bushies

Jared Kushner privately working on reshaping legal immigration:

According to meeting agendas obtained by McClatchy, those invited to sessions with Kushner come from some of Trump’s core constituencies in the worlds of religion, law enforcement, agriculture and business. They include the U.S. Chamber of Commerce, Heritage Foundation, Association of Builders and Contractors, Faith and Freedom Coalition, Council on National Policy, George W. Bush Center and Select Milk Producers.

Read more here: https://www.mcclatchydc.com/news/politics-government/white-house/article226462025.html#storylink=cpy

George W. Bush abandoned free market principles to save banks and companies the free market was about to destroy, but hey, we can't have that! That's capitalism!

"I've abandoned free market principles to save the free market system" - George W. Bush

Meanwhile, millions of homeowners were destroyed, along with their jobs, their savings, and their hoped-for futures, never to return.

Updated link:

George W. Bush finally delivers on something, too bad it's not The Wall

Bush calls for end to shutdown, delivers pizza to Secret Service

Barry Ritholtz doesn't live in Realville, calls recent wage gains "decent" when they are peanuts

The Economy Is Finally Coming Through for U.S. Workers:

Decent wage gains are showing up in paychecks. That should continue for a while. Workers had an average gain in hourly wages of 3.2 percent in December, well above the average of 2.4 percent during the past five years . . ..

There's nothing wrong with his facts, just his perspective, which isn't long-term. He's content to compare his data to the Obama era, which sucked big-time. Note how he doesn't say that, however, big New York liberal that he is. 

Year over year, the average gain in 2018 isn't even Bush-league let alone Clinton-league. And certainly not pre-Reagan-league, when workers in this country got much bigger raises on average than they do in this supposedly booming economy.

Barry likes charts. Here's the only one that counts, showing that raises for 80% of workers on average can't hold a candle to the late 1980s, the 1990s, and the 2000s (when Democrats couldn't stop complaining about George W. Bush's horrible economy).

Employers remain stingy, and there is no employment boom, or else they'd be hiring all the old people the greedy bastards fired in 2009 because they made too much money.

I KNOW.

Marshall Auerback: George W. Bush's naïve China Fantasy mimicked FDR on Joseph Stalin

Liberalism misunderestimating our enemies, as usual, because it believes human nature is essentially good.

All of our bets on China have been wrong:

In contrast to diplomat and historian George Kennan’s famous telegram about the old Soviet Union (which correctly rebutted US president Franklin D Roosevelt’s naïve assumptions about Josef Stalin and provided the diplomatic underpinnings for a sustained policy of Western containment after World War II), today’s Cold War 2.0 is typified by what author James Mann calls the West’s “China fantasy,” a notion encapsulated by former US president George W Bush’s remark: “Trade freely with China, and time is on our side.”

Trump's $5 billion request would build just 100 miles of new wall, 115 miles of replacement barrier

Ted Cruz says Trump 'won't capitulate' over $5B demand, enough for 215 miles of border wall — half of it replacement:

[T]he $5 billion the House has approved for a border wall would be enough for about 215 miles of barrier. Less than half of that — about 100 miles, mostly in South Texas — would be frontier that doesn't already have a fence. The rest would go to replace older, less-effective fencing or to build secondary fencing. ...

Senior officials from the Homeland Security Department briefed journalists Friday afternoon on what the proposed $5 billion could accomplish. Their estimate of 215 miles' worth of new and replacement fencing works out to more than $23 million a mile, on average. That's far higher than the nearly 700 miles of barrier already in place along the 2,000-mile U.S.-Mexico border. Most of that was authorized under President George W. Bush, in the Secure Fences Act of 2006. The Government Accountability Office issued a report in 2009 that put the initial cost per mile at $2.8 to $3.9 million. But that was in urban areas, where roads were already in place. Some of the replacement fencing installed during the Trump administration has cost about $8 million a mile. The more remote the area, the higher the cost. Homeland Security officials insisted that comparisons are inappropriate. "Every mile of border is different," said one official. "It depends on the terrain" and other factors.

Since Trump took office, Congress has approved $341 million for 40 miles of replacement fencing and new gates in San Diego, New Mexico and West Texas, plus gates in the Rio Grande Valley to close gaps between existing fence. Of that, 34 miles is complete.

Earlier this year, Congress provided an additional $1.375 billion for about 84 miles of new and replacement border barrier. That includes levee wall in the Rio Grande Valley, with construction expected to start in February, plus some new wall construction in that area of South Texas, along with replacement barrier in Arizona and California. ...

When Congress authorized wall funding earlier this year, it restricted construction to designs already in use.

Pat Buchanan blames Clinton, Bush 43 and Obama for squandering away the world Bush 41 gave us

Jawohl, the Baby Boom presidents, except Pat won't yet admit that Trump is simply Squanderbucks IV.

Who Lost the World Bush 41 Left Behind?:

Was it not the three presidents who sat so uncomfortably beside President Donald Trump at the state funeral of 41?

W's eulogy for his father is so good . . .

. . . it makes you wish his father had died more often.

You can watch him, here.

And here's the transcript (I've edited out the "laughters", you can supply your own):

GEORGE W. BUSH: Distinguished guests, including our presidents and first ladies, government officials, foreign dignitaries and friends, Jeb, Neil, Marvin, Doro and I and our families thank you all for being here.

I once heard it said of man that the idea is to die young, as late as possible.

At age 85, a favorite pastime of George H.W. Bush was firing up his boat, the Fidelity, and opening up the three 300-horsepower engines to fly -- joyfully fly -- across the Atlantic with the Secret Service boats straining to keep up.

At age 90, George H.W. Bush parachuted out of an aircraft and landed on the grounds of St. Ann's by the Sea in Kennebunkport, Maine, the church where his mom was married and where he worshiped often. Mother liked to say he chose the location just in case the chute didn't open.

In his 90s, he took great delight when his closest pal, James A. Baker, smuggled a bottle of Grey Goose vodka into his hospital room. Apparently, it paired well with the steak Baker had delivered from Morton's.

To his very last days, Dad's life was instructive.

As he aged, he taught us how to grow with dignity, humor and kindness, and when the good Lord finally called, how to meet him with courage and with the joy of the promise of what lies ahead.

One reason Dad knew how to die young is that he almost did it, twice. When he was a teenager, a staph infection nearly took his life. A few years later, he was alone in the Pacific on a life raft, praying that his rescuers would find him before the enemy did.

God answered those prayers. It turned out he had other plans for George H.W. Bush.

For Dad's part, I think those brushes with death made him cherish the gift of life, and he vowed to live every day to the fullest.

Dad was always busy, a man in constant motion, but never too busy to share his love of life with those around him.

He taught us to love the outdoors. He loved watching dogs flush a covey. He loved landing the illusive striper. And once confined to a wheelchair, he seemed happiest sitting in his favorite perch on the back porch at Walker's Point, contemplating the majesty of the Atlantic.

The horizons he saw were bright and hopeful. He was a genuinely optimistic man, and that optimism guided his children and made each of us believe that anything was possible.

He continually broadened his horizons with daring decisions.

He was a patriot. After high school, he put college on hold and became a Navy fighter pilot as World War II broke out.

Like many of his generation, he never talked about his service until his time as a public figure forced his hand. We learned of the attack on Chichi Jima, the mission completed, the shoot-down. We learned of the death of his crew mates, whom he thought about throughout his entire life. And we learned of the rescue.

And then another audacious decision: He moved his young family from the comforts of the East Coast to Odessa, Texas.

He and Mom adjusted to their arid surroundings quickly. He was a tolerant man. After all, he was kind and neighborly to the women with whom he, Mom and I shared a bathroom in our small duplex, even after he learned their profession: ladies of the night.

Dad could relate to people from all walks of life. He was an empathetic man. He valued character over pedigree. And he was no cynic. He looked for the good in each person and he usually found it.

Dad taught us that public service is noble and necessary, that one can serve with integrity and hold true to the important values like faith and family. He strongly believed that it was important to give back to the community and country in which one lived. He recognized that serving others enriched the giver's soul. To us, his was the brightest of the thousand points of light.

In victory, he shared credit. When he lost, he shouldered the blame. He accepted that failure is a part of living a full life, but taught us never to be defined by failure. He showed us how setbacks can strengthen.

None of his disappointments could compare with one of life's greatest tragedies, the loss of a young child. Jeb and I were too young to remember the pain and agony he and Mom felt when our 3-year-old sister died. We only learned later that Dad, a man of quiet faith, prayed for her daily. He was sustained by the love of the Almighty, and the real and enduring love of our mom. Dad always believed that one day he would hug his precious Robin again.

He loved to laugh, especially at himself. He could tease and needle, but never out of malice.

He placed great value on a good joke. That's why he chose Simpson to speak.

On e-mail, he had a circle of friends with whom he shared or received the latest jokes. His grading system for the quality of the joke was classic George Bush: The rare sevens and eights were considered huge winners, most of them off-color.

George Bush knew how to be a true and loyal friend. He nurtured and honored many -- his many friendships with a generous and giving soul. 

There exists thousands of handwritten notes encouraging or sympathizing or thanking his friends and acquaintances. He had an enormous capacity to give of himself.

Many a person would tell you that Dad became a mentor and a father figure in their life. He listened and he consoled. He was their friend.

I think of Don Rhodes, Taylor Blanton, Jim Nance, Arnold Schwarzenegger, and perhaps the unlikeliest of all, the man who defeated him, Bill Clinton. My siblings and I refer to the guys in this group as brothers from other mothers.

He taught us that a day was not meant to be wasted. He played golf at a legendary pace. I always wondered why he insisted on speed golf. He was a good golfer. Well, here's my conclusion: He played fast, so that he could move on to the next event, to enjoy the rest of the day, to expend his enormous energy, to live it all.

He was born with just two settings: full throttle, then sleep.

He taught us what it means to be a wonderful father, grandfather and great grandfather. He was firm in his principles, and supportive as we began to seek our own ways. He encouraged and comforted, but never steered.

We tested his patience. I know I did.

But he always responded with the great gift of unconditional love. Last Friday, when I was told he had minutes to live, I called him. The guy who answered the phone said, "He -- I think he can hear you, but he hasn't said anything for most of the day." I said, "Dad, I love you, and you've been a wonderful father." And the last words he would ever say on earth were, "I love you, too."

To us, he was close to perfect. But not totally perfect. His short game was lousy. 

He wasn't exactly Fred Astaire on the dance floor.

The man couldn't stomach vegetables, especially broccoli. 

And by the way, he passed these genetic defects along to us. 

Finally, every day of his 73 years of marriage, Dad taught us all what it means to be a great husband. He married his sweetheart. He adored her. He laughed and cried with her. He was dedicated to her, totally. 

In his old age, Dad enjoyed watching police show reruns, the volume on high.

All the while, holding Mom's hand. After Mom died, Dad was strong, but all he really wanted to do was hold Mom's hand again. 

Of course, Dad taught me another special lesson. He showed me what it means to be a president who serves with integrity, leads with courage and acts with love in his heart for the citizens of our country. 

When the history books are written, they will say that George H.W. Bush was a great president of the United States, a diplomat of unmatched skill, a commander-in-chief of formidable accomplishment, and a gentleman who executed the duties of his office with dignity and honor. 

In his inaugural address, the 41st president of the United States said this, "We cannot hope only to leave our children a bigger car, a bigger bank account. We must hope to give them a sense of what it means to be a loyal friend, a loving parent, a citizen who leaves his home, his neighborhood and town better than he found it. 

"What do we want the men and women who work with us to say when we are no longer there? That we were more driven to succeed than anyone around us, or that we stopped to ask if a sick child had gotten better, and stayed a moment, there, to trade a word of friendship."

Well, Dad, we're going to remember you for exactly that and much more. And we're going to miss you. Your decency, sincerity and kind soul will stay with us forever. 

So through our tears, let us know the blessings of knowing and loving you, a great and noble man, the best father a son or daughter could ask. And in our grief, let us smile, knowing that Dad is hugging Robin and holding Mom's hand again.